Barr warns over small bank crypto exposures amid Silvergate collapse
San Diego, Silvergate's home city (Credit: Sean Pavone on shutterstock)
Speaking as crypto-focused bank Silvergate enters liquidation, Federal Reserve vice-chair Michael Barr has indicated that the Fed’s thinking about crypto is “consistent” with the recent Basel framework, and warned against the vulnerability of “light-touch”-regulated smaller banks to crypto shocks.
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